The number one site detailing the coming economic depression

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“When I use the phrase 25 year depression, it sounds extreme but it’s not. We had a 30 year depression in the United States from about 1870 to 1900…The Great Depression lasted from about 1929 to 1940. The U.S. is in a depression today.”
Well, it's been in the works for

"One of the reasons that Canadians (and international commentators, other finance ministers and global financial institutions) buy this Canadian banking fairy tale is the way the government accounts for the money borrowed to support the banks."
The sorry spectacle of Conservat

Get rid of your loans, guys and gals, because we are going into a high interest rate period. Very high. It will be the equivalent of going into the double digit interest rates we had in the 80s where many people threw their house keys at the bank and we had record numbers of ba

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades.
In doing so, prosecutors are confronting

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.”
Our website is back after many months of

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford
Basically what the world central banks are doing is increasing their money by devaluin

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

“This is obviously very worrying, just at a time before the VAT increase hits so this looks awfully like the UK is headed back to double-dip,” Blanchflower told CNBC. “I think people have underestimated the sheer size of this shock,” he said. Britain’s “awful” gross domestic product figure for the fourth quarter is pushing the [...]

Gold: Expensive or Cheap, it’s Rare (World’s Gold fills 2 Pools & the New World Order, Explained) Silver Stock Report by Jason Hommel, November 19th, 2009 The best witty observation this week came from Bill Murphy with www.gata.org. Bill noted the irony of how media pundits who bash gold will argue that gold is in [...]

But the problem is particularly acute in Michigan, which has lost 231,000 auto and parts manufacturing jobs. That is 72 percent of the 320,600 auto-related manufacturing jobs the state had in 1999. Today US Vice president admits on a news interview that the USA has officially entered a depression. In a commentary on Sean Hannity’s [...]

According to Harry Schultz and many other economic analysts, there will be a collapse of the US currency and embassies should purchase local currency to last at least a year. This led to rumors of holidays and runs on banks and other rumors. As you may know the Fed has had a huge program of [...]

Thanks to gold’ selling about 50 times the price of silver, you may be perplexed to hear that silver is more precious than gold. It seems an obvious contradiction, but the meaning is exactly that silver has a high demand by industry, while gold has limited demand, except for jewelry and some off-hand uses like [...]

In recent days, there have been a number of articles in the media about the steady decline of the U.S. dollar against the price of gold and other currencies. As many economists have foreseen the possibility of the dollar’s decline against other currencies for some time, most do not understand the importance of this. Some [...]

Based on the supply and demand situation of silver, it’s only a question of time when a silver shortage will come. Nobody can predict exactly when this is going to happen, but we have more and more signs that those who control the price of silver are sweating to balance the supply. The biggest question [...]